House prices can't increase at the rate in which they have been going over the past few years.
More Quotes from Raghuram Rajan:
It's in the world's interests that India develop its nuclear power. To the extent that nuclear power has become safer over time, it is in India's interests to use this source.Raghuram Rajan
Whatever the motivation, eventually reserves are enough to protect against everything except Armageddon, ... With the precautionary value falling, and explicit financing costs rising, reserve accumulation creates a growing strain on government finances, in addition to creating a perception of exchange rate manipulation in some cases.
Raghuram Rajan
The Fed will be watchful and will likely continue the process of increasing interest rates in the near term.
Raghuram Rajan
Europe's citizens do not seem convinced that the bitter medicine of continued structural reforms will cure the stasis that afflicts much of the continent. Of course economists can only prescribe but it takes politicians to persuade.
Raghuram Rajan
As the US deficit continues to be financed easily, the optimists who think there is nothing to worry about are gaining ground over the pessimists who think an abrupt and costly adjustment is likely. But the optimists have to be right every day while the pessimists need to be right only once.
Raghuram Rajan
We expect India to grow at around 7 to 7.5 in calendar year 2006.
Raghuram Rajan
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